Argonautica Private Wealth Management Inc. Purchases 35 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Argonautica Private Wealth Management Inc. increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 861 shares of the specialty retailer’s stock after buying an additional 35 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Ulta Beauty were worth $374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ULTA. Sunbelt Securities Inc. raised its position in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Edge Capital Group LLC acquired a new stake in Ulta Beauty during the 4th quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the third quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter worth about $43,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $365.70 on Wednesday. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. The firm’s fifty day moving average price is $406.50 and its 200 day moving average price is $388.11. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.07 earnings per share. As a group, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ULTA. Bank of America boosted their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.